totally. it'd also work nicely as a universal headset wrench + many more applications.
the only trouble is, of course, hefty price. haven't committed buying one yet, was debating how-many-lockrings-i-am-dealing-with-per-year-sort ratio... one day, one day.

Hozan tools are great. well-thought and sharply executed.
shame Park tools have really become just 'ok' tools. the only advantage seems being readily available, nothing much more...